At a Glance
- Tasks: Lead risk assessments and enhance our Enterprise Risk Management Framework.
- Company: Join a forward-thinking insurance company that values innovation and inclusivity.
- Benefits: Enjoy a hybrid work model, competitive salary, and opportunities for professional growth.
- Other info: Be part of a diverse team where your voice matters and career growth is encouraged.
- Why this job: Make a real impact by shaping risk management in a dynamic global environment.
- Qualifications: Experience in risk management or related fields, with strong analytical skills.
The predicted salary is between 63000 - 77000 £ per year.
Role Summary
The Enterprise Risk Manager is responsible for supporting the ongoing development, implementation, and embedding of Rokstone’s Enterprise Risk Management(“ERM”) Framework.
Acting as a trusted second-line risk partner to the business, the role provides independent oversight and challenge across all areas of the organisation, including underwriting, claims, operations, finance, technology, and third-party arrangements.
The role will lead risk assessments, support the maintenance of the risk register, monitor key risk indicators and emerging risks, and provide insightful reporting to senior management, Risk Committees, and other governance forums.
The Risk Manager will work closely with first-line stakeholders to strengthen the risk and control environment, promote a strong risk culture, and ensure that risk management is embedded within business decision-making as Rokstone continues to grow globally.
- Role Accountabilities
- Enterprise Risk Management Framework
- Support the ongoing development and enhancement of Rokstone’s ERM Framework, policies, standards, and methodologies.
- Drive consistent application of risk management processes across all business functions.
- Facilitate periodic risk and control assessments across underwriting, claims, finance, operations, technology, and corporate functions.
- Maintain and enhance the enterprise risk register, ensuring risks, controls, actions, and ownership remain current and appropriately documented.
- Support the annual review of the risk appetite framework, including metrics, tolerances, and escalation thresholds.
- Risk Oversight and Challenge
- Provide independent second-line oversight and constructive challenge to first-line activities, ensuring key risks are appropriately identified, assessed, and managed.
- Review the effectiveness of controls and challenge remediation plans where weaknesses are identified.
- Support reviews of new products, business initiatives, strategic projects, and operational changes from a risk perspective.
- Identify trends, themes, and emerging risks impacting the business and provide recommendations to management.
- Risk Monitoring, MI and Reporting
- Own the production and continuous improvement of risk reporting and dashboards for senior management, Risk Committees, and Boards.
- Monitor Key Risk Indicators(“KRIs”), identifying breaches, deteriorating trends, and emerging areas of concern.
- Work with data and technology teams to improve the quality, automation, and usefulness of risk MI.
- Analyse risk events, incidents, and near misses to identify root causes and systemic control issues.
- Risk Events and Issues Management
- Manage the risk event and issue management process, ensuring incidents are appropriately recorded, investigated, escalated, and remediated.
- Track management actions and provide challenge where remediation is delayed or insufficient.
- Ensure lessons learned are captured and embedded into processes and controls.
- Scenario Analysis and Emerging Risks
- Lead risk scenario analysis and stress testing activities to assess the potential impact of key risk exposures.
- Maintain oversight of emerging risks, including regulatory change, market developments, technology risks, and operational resilience considerations.
- Stakeholder Engagement and Risk Culture
- Develop strong relationships with stakeholders across underwriting, claims, finance, operations, technology, and HR.
- Act as a risk adviser to the business, supporting management in making informed risk-based decisions.
- Promote awareness and understanding of risk management responsibilities across the first line.
- Deliver risk training and awareness initiatives where appropriate.
- Role Requirements
- Experience in enterprise risk management, operational risk, internal audit, compliance, or another second-line risk function within insurance or financial services.
- Strong understanding of risk management frameworks, governance structures, and the three lines model.
- Experience operating within a complex insurance environment, ideally including delegated authority, MGA, underwriting, or claims operations.
- Experience leading risk assessments, control reviews, and risk reporting.
- Understanding of regulatory expectations relevant to the insurance sector, including operational resilience and conduct risk.
- Ability to engage and challenge senior stakeholders effectively.
- Relevant professional qualifications (e. g. ICA Diploma, ACII or equivalent) desirable.
Skills and Abilities
- Strong analytical and critical-thinking skills with the ability to assess complex risks and identify underlying themes.
- Ability to provide credible, independent challenge while maintaining effective working relationships.
- Excellent written and verbal communication skills with experience preparing high-quality management and committee reporting.
- Strong stakeholder management skills, with confidence engaging senior leadership.
- Ability to translate risk information into practical and commercially focused recommendations.
- Highly organised with the ability to manage multiple priorities and deliver in a fast-paced, evolving environment.
- Strong attention to detail and commitment to high-quality documentation and reporting.
- Management Duties
- No direct reports initially; however, the role is expected to demonstrate leadership across risk initiatives and may support the development of junior team members as the function grows.
We are an equal opportunity employer, and we are proud to share that 93% of our employees say they can be themselves at work.
We aim to hire our industry's finest people because the best people drive the best outcomes.
And we forever challenge the status quo because we know there are always ways to improve things.
Because together, we're limitless.
We value applicants from all backgrounds and foster a culture of inclusivity.
We understand the need for flexibility, so work in a hybrid model.
Please let us know if you require any reasonable adjustments during the recruitment process.
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Enterprise Risk Manager employer: Rokstone Group
As a leading employer in the property insurance sector, we pride ourselves on fostering a dynamic and inclusive work culture where 93% of our employees feel they can be themselves. Our hybrid working model offers flexibility, while our commitment to professional development ensures that you will have ample opportunities for growth and advancement within a diverse range of sectors. Join us to be part of a team that values innovation and collaboration, driving meaningful outcomes for our clients across international markets.
StudySmarter Expert Advice🤫
We think this is how you could land Enterprise Risk Manager
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
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✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Rokstone Group looking for candidates who are engaged and informed.
We think you need these skills to ace Enterprise Risk Manager
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Rokstone Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Rokstone Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Rokstone Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!